The Economic and Financial Crimes Commission (EFCC) has arrested popular Lagos socialite, Emeka Okonkwo Daniel, also known as E-Money, for allegedly abusing the Naira and Dollar.
Reports suggested that the suspect was arrested on Monday night at his residence in the Omole area of Lagos State.
According to sources within the commission who spoke to Punch on Tuesday, E-Money was arrested for allegedly spraying United States dollars, an act said to violate the Foreign Exchange Act.
“On Monday night, we arrested E-Money for Naira abuse and defacing foreign currencies. Specifically, he was alleged to have sprayed U.S. dollars, which is against the Foreign Exchange Act,” a source from the commission was quoted as saying by PUNCH.
“He was arrested at his Omole, Lagos residence. Preliminary investigations are ongoing, and he will be charged to court as soon as investigations are concluded.”
E-Money’s arrest is coming after popular musician, Terry Apala was remanded in Ikoyi correctional center on charges relating to abuse of the Naira.
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